Dallas Fed Manufacturing Business Index For June -15.1 Vs -19.4 Prior
Portfolio Pulse from Benzinga Newsdesk
The Dallas Fed Manufacturing Business Index for June improved to -15.1 from -19.4 in the previous month, indicating a less severe contraction in manufacturing activity.

June 24, 2024 | 2:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The improvement in the Dallas Fed Manufacturing Business Index for June to -15.1 from -19.4 suggests a less severe contraction in manufacturing activity, which could have a positive impact on the broader market sentiment.
The Dallas Fed Manufacturing Business Index is a key economic indicator. An improvement, even if still negative, suggests a less severe contraction, which can positively influence market sentiment and potentially lead to a short-term uptick in SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50